Asked By: Hunter Turner Date: created: Aug 05 2022

Is there a limit on cash transactions

Answered By: Wyatt Baker Date: created: Aug 08 2022

Law, generally, does not have any restrictions for payment of cash for transaction of purchase/sale of jewellery or immovable property etc.

but if the value of a single transaction exceeds two lakhs, then seller is prohibited from accepting any cash beyond two lakhs for such transactions..

Asked By: Bryan Parker Date: created: Apr 14 2021

Can a store reject cash

Answered By: Harry Gonzales Date: created: Apr 14 2021

” U.S. TREASURY LAW STATES IT IS UNLAWFUL TO REFUSE LEGAL TENDER ANY BUSINESS CAN ALSO BE REPORTED FOR REFUSING CASH AND REPRIMANDED!” … There is no federal law prohibiting businesses from going cashless, however, some states have passed laws requiring businesses to accept cash.

Asked By: Aaron Davis Date: created: May 24 2021

Are shops allowed to refuse card payments

Answered By: Richard Foster Date: created: May 24 2021

As long as they are not discriminating on account of race, gender or sexuality etc then shops can “take and refuse any payment they want”. He says: “If they say they want to accept payment in Pokemon cards then that’s perfectly legitimate.” (I wouldn’t personally advise this.)

Asked By: Cole White Date: created: Jun 07 2021

Are cash only businesses legal

Answered By: Landon Martinez Date: created: Jun 07 2021

Though cash is legal tender, no law requires businesses to accept it. Just as the law allows businesses to decline large bills or payment entirely in pennies, you can set a policy for your business that you’ll only accept credit or debit cards.

Asked By: Logan Robinson Date: created: Apr 08 2021

Can you pay cash at KFC drive-thru

Answered By: Abraham Jackson Date: created: Apr 10 2021

IT does appear to be an option to pay cash for KFC delivery, according to KFC Help Center I’m somewhat surprised, yet not altogether. KFC Restaurants are starting to open with Safe Social Distancing in place. Drivers risk being handed a £200 fine if they use Apple Pay at a drive-thru.

Asked By: Nathan Ramirez Date: created: Mar 12 2022

Does KFC accept cash

Answered By: Brian Green Date: created: Mar 12 2022

Many customers are already using our App and cashless payment options. Our delivery partners, Menulog and Deliveroo, are also offering contact-free service*. But even if you prefer cash you’ll still be safe – your KFC team members will be sanitising their hands after every transaction.

Asked By: Samuel Bell Date: created: Aug 08 2021

Is refusing a card payment illegal

Answered By: Edward Turner Date: created: Aug 11 2021

Can businesses refuse to accept cards? Any business is within its rights to refuse a method of payment. The question is whether this will affect their custom by doing so, especially as the use of non-cash payments is growing fast.

Asked By: Juan Hernandez Date: created: Jan 26 2022

Are pennies legal tender in the United States

Answered By: Thomas Patterson Date: created: Jan 29 2022

While federal law states that coins are legal tender, it does not compel anyone to accept them. If a business doesn’t want to take pennies — or a $100 bill, for that matter — it has a legal right to refuse them.

Asked By: Julian Moore Date: created: Jan 05 2022

Can a business refuse cash in Ohio

Answered By: Connor Kelly Date: created: Jan 05 2022

There are two reasons that a business can reject cash even if it is “legal tender for all debts public and private.” First, this statement means that the only circumstance when someone must accept the bill is when a person owes the business a debt.

Asked By: Daniel Jenkins Date: created: Apr 05 2021

Why does mcdonalds only take cash at night

Answered By: Logan Richardson Date: created: Apr 08 2021

Because the 24-hour locations must restart their cash register systems every night, there is always a certain time period when we can only accept cash.

Asked By: Jonathan Simmons Date: created: May 31 2022

Can I deposit 50000 cash in bank

Answered By: Clifford Lee Date: created: Jun 01 2022

You can just deposit it at one time. You should just deposit the money. … It’s much less sketchy if you deposit it all at once. Yes, the bank will fill out a currency transaction report but if you didn’t do anything illegal you have nothing to worry about.

Asked By: Curtis Hernandez Date: created: Sep 14 2021

Is Australia getting rid of the $100 note

Answered By: Austin Lee Date: created: Sep 14 2021

However, the Reserve Bank of Australia officially stated that there are no plans to abolish the $100 note….Australian one-hundred-dollar note.(Australia)Design date29 October 202015 more rows

Asked By: Howard Anderson Date: created: Oct 01 2021

Do you legally have to accept cash

Answered By: Louis Lee Date: created: Oct 03 2021

There is no law however against a provider of good and services setting terms upon which they will accept payment before the contract for the supply of goods or services. … In summary, the answer is “yes” a business can legally refuse a cash payment.

Asked By: Logan Baker Date: created: May 15 2021

Is it illegal to not accept cash Australia

Answered By: Austin Henderson Date: created: May 17 2021

The answer is yes. Currency and legal tender in Australia is governed by two primary pieces of legislation: the Currency Act 1965 (Cth); and the Reserve Bank Act 1959 (Cth). Importantly, there is no law against a business refusing to accept cash for goods and services.

Asked By: Ryan Jenkins Date: created: Mar 26 2022

Does Mcdonalds accept cash

Answered By: Horace Collins Date: created: Mar 27 2022

Our restaurants are accepting cash, it’s just Contactless payment is preferred.

Asked By: Walter Lopez Date: created: Apr 22 2021

Can shops refuse card payments under 5

Answered By: Robert Lopez Date: created: Apr 24 2021

Setting a minimum amount for card payment isn’t illegal, but it’s against the rules of most major card processors (Visa and MasterCard). If you regularly deal with small transactions, you’re far better with a merchant service that charges you a percentage of a sale.

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